Monday, June 13, 2016

International Solar Alliance (ISA)

India launched an International Solar Alliance (ISA) at the CoP21 Climate Conference with an announcement by Prime Minister of India, that the revolution in the field would bring power to all citizens, and create unlimited economic opportunity.
The new body, which has invited all countries located fully or partly between the tropics of Cancer and Capricorn to join, is to function from the National Institute of Solar Energy in India, Gurgaon. 
The Centre will provide land and $30 million to form a secretariat for the Alliance, and also support it for five years, the Prime Minister said at an event that was co-chaired with him by French President Francois Hollande.
  • In its launch resolution, the ISA says it seeks to share collective ambitions to reduce the cost of finance and technology that is needed to deploy solar power widely; generation and storage technologies would be adapted to the individual countries’ needs.
  • Among the tasks that the Alliance would pursue are, cooperation in training, building institutions, regulatory issues, common standards, and investment including joint ventures.

ISA has been envisioned as a specialized platform and will contribute towards the common goal of increasing utilization and promotion of solar energy and solar applications in its member countries. 
The Paris declaration on International Solar Alliance states that the countries share the collective ambition to undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment of competitive solar generation, financial instruments to mobilise more than 1000 Billion US Dollars of investments needed by 2030 for the massive deployment of affordable solar energy and to pave the way for future solar generation, storage and good technologies for countries’ individual needs. 

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